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On January 1, Chevon Corporation had 98,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred.
Apr. 1 Issued 25,000 additional shares of common stock for $17 per share.Jun 15 Declared a cash dividend of $1 per share to stockholders of record on June 30.Jul 10 Paid the $1 cash dividend.Dec. 1 Issued 2,000 additional shares of common stock for $19 per share.Dec 15 Declared a cash dividend on outstanding shares of $1.20 per share to stockholders of record on December 31.
Instructions:
a. Prepare the entries, if any, on each of the three dividend dates. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Finding the Net cash flow provided (used) by investing activities - Cash Flow Computations and From the following selected data, compute
Identify the substantive test that should detect each misstatement. For each test, indicate the financial statement assertion(s) to which it pertains.
For each transaction and related adjusting entry, state whether the quick ratio is increased,decreased, or there is no change.
Program Office has access to a database of the costs of adding similar equipment to 15 other types of aircraft. What is the most appropriate cost estimating method for this situation?
Consider the cash flow statement areas of operating, investing, and financing. Given your company type and the debt make-up, discuss the importance of the cash flow statement. What section of the cash flow statement is the most important? Why?
The new machine would reduce annual maintenance costs by $23,000. Provide a differential anaylsis on the proposal to replace the machine.
Management has offered to allow the prevention changes if all changes take place as anticipated and the amounts netted are less than the cost of the equipment. What is net impact of all the changes created by the preventive changes?
question kingline company produces three products in a joint process costing 1000000. product 1 sells for 0.35ounce
Judi uses the subsequent chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 205 Unearned Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries Expense, and No. 729 Rent ..
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Vince's assistant manager, an accounting major, has suggested that the firm should try to increase the contribution margin per pizza. Explain meaning of "contribution margin" in layman's terms.
Determine the after-tax cost of a $25 million debt issue that a company with a 40 percent marginal tax rate is planning to place privately with a large insurance company. This long-term issue will yield 6.6% to the insurance co. Calculate and ex..
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